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With the innovation of hydraulic fracturing and horizontal drilling to extract natural gas from shale in the United States, U.S. gas production has increased and gas prices have decreased. With this new production technology, the United States is poised to become a major exporter of natural gas. But a 1938 law prohibits such exports unless they are judged to be in the “public interest.” Is it in “public interest” for the U.S. government to allow expansion of hydraulic fracturing in order to increase gas exports? Discuss the advantages and disadvantages of this policy. Who will benefit and who will lose?
A community ponders implementing a no-smoking ordinance that would eliminate smoking in all businesses, government offices, and public places. Smokers are upset and argue that their rights are being violated by this proposed ordinance. How does the r..
What is the rationale behind the choice of target or acquirer, if appropriate for your opening bid and your overall bidding strategy.
The damage (to cigarette makers) is generally under control." Illustrate what action do you suppose the cigarette companies took to avoid bankruptcy.
Confronted with an adverse supply shock, an economy with rigid wages and prices would suffer
What is the optimal consumption bundle (a*,b*)? What can you say about this utility function?
We discussed in class several of the dependent variables that need to be considered when managing people (performance, job satisfaction, turnover, absenteeism, organizational citizenship behavior, deviant workplace behavior). Select two of these and ..
In the neo - classical model of labor - leisure choice, the representative consumer receives satisfaction from consumption of goods (C) and from the consumption of Leisure (L). Let C be the composite good with price $1 and L determines the number of ..
Recalling some basic reasons about why people engage in trade, provide a short example of a market in which consumers and producers exchange goods. In your example, briefly explain who the consumers and producers are, what factors may influence suppl..
Select two brands that serve the same market but are not discussed in the chapter. Using print advertising, screen shots from Web sites, and stills from commercials (use screen shots from streaming video), assemble supporting material that helps y..
Discuss the long range effects of a stimulus plan as it affects the banking sector.
What is the price and output this monopoly would produce at if unregulated. What is the socially optimal price and output for this monopoly? What is the fair return price and output for this monopoly?
The average starting salary for engineers for 2002 was $47,000. The average in 2015 was 65,000. If we assume salaries are tied to inflation, what has been the average yearly inflation rate for this period? And, what should we anticipate the salary wi..
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